How To Build Wealth With Passive Income! - Using Assets To Buy Liabilities | The OPM Strategy

How To Build Wealth Through Passive Income! – Using Assets To Buy Liabilities | The OPM Strategy

Long-term strategic investing for passive income is a great way to build wealth. After all, as Warren Buffet says "if you don't find a way to make money while you sleep, you will work until you die." Today we'll share a strategy that will do exactly that, and give you some real-life examples to help envisage how you can do this in your own investment choices.

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Disclaimer:

This video is for entertainment purposes and does not constitute personal financial advice on whether to buy or sell a specific financial security. Capital is at risk, investments may decrease in value as well as increase. You may not get back all the money invested. Investment objectives may differ, and therefore investment strategy must be factored in. If in doubt, seek advice from an investment adviser regulated by the Financial Conduct Authority (FCA).

[MW_Builds]

Rich Dad Poor Dad regurgitated. Nice. The magic is when you use your first passive income source to buy another asset from that passive income, that also provides passive income, then rinse and repeat Next, diversify the wealth you've built, to protect it. Then, decide on some exercises to keep you active (because your life is changing, and you no longer have a job to pull you out and keep you engaged), and choose healthy meals and diversify both your fitness and food for best results, for overall health. Enjoy. peace and love

[KiyosakiSays]

“Rich people acquire assets. The poor and middle class acquire liabilities that they think are assets.” - Robert Kiyosaki

[minescharles]

I read the book in one day back in 2017. I recently closed on my first property, a newly built 3 unit building. I recently furnished one unit and im marketing to corporate renters.

[sarathlal]

Rich dad poor dad book
One of the best book I had ever read about finance, language is every simple.
I am highly recommending to read this book, u will never regrets

[blaze]

OPM (other people's money) typically refers to borrowing money to invest ie: leverage. What you're talking about is cash flow banking. You're using the cash flow from your income producing asset to pay for your liability.

[fp]

I remember watching this vid a year ago and barely understanding anything. These days I‘m watching this and it’s as basic as it gets because I have such a deep knowledge these days. Thanks for creating such quality content!

[SmithFam]

This is what I do now. My wife and I work but her entire take home pay is saved and not spent. Plus the passive income we get we could both stop working if we moved outside of the USA.

[zewefred]

Lots of wisdom.Lots of people want to look wealthy at the expense of their financial freedom.I started thinking like this and instantly sold my Benz car for a smaller Toyota car and invested the difference .

[lukestevenson]

I’ve bought 2 houses and one lot on owner financing. I’ve asked about 6 different people about owner financing. 3 out of 5 isn’t bad. Currently, I own 4 homes, a cabin I built on 60 acres of land and 2 building lots getting ready to go for two more. It’s not easy. 10 years ago I was renting a shit apartment and barely being able to pay the $700 a month rent. Many times, I put it on Credit Cards.

[PreciousNzeakor]

This is a great video.. smooth explanation.
I raised money from Affiliate Marketing and Network Marketing, took that money and started investing in commercial properties ever since.
Leveraged on other people's effort and built a fortune. 💯

[thechosenone]

If you want to go a level up don't buy liability and make the most of compound interest in the long run you will definitely make much much more🙌

[marxkrl]

Unless you buy a house with cash, you need to generate income for the bank (interest). Also, the income you get from rent would also go to bank, to pay the rates for the house's price. So no paying the car with the rent.

[wrczane]

I’m considering a similar strategy in the near future. Not too fond of the idea of using your rent/passive income that goes straight to a car. Make sure you have a few months reserves for that car in the event a tenant default or decides not to renew the contract. Not to mention rental insurance.

[madmanyolo]

First British finance channel I've found keep the good work up

[karlecronje]

Finally someone ACTUALLY EXPLAINS how to invest or have a passive income!!!! Thank you so much!!! 🤗🤗❤️ I'm subscribing

[Onecamera]

This is a great example. The idea is something that is in the back of any investor who must find a "investment" to reach a reward and future return. Start small and grow. Growth is exponential but realistic.

[juncabangal]

Last week I owned already 3 houses and 2 cars by reading this book.thank You

[darkrebel]

I had to get a new air conditioner in my house for $9k. I financed the charge, and I'm covering the monthly payment selling puts with $3k capital. So far the A/C has not cost a penny of my original income.

[aarongold]

It still isn't other people's money. You're just giving up the opportunity costs by using it on a liability rather than to buy more assets.

[davidmark]

It is smart way to easily and quickly increase your portfolio of whatever asset you owe